Calendar Year

2008 in US Banking

1,177 bank events are on record for 2008: 25 failures, 804 mergers or acquisitions involving a bank, credit union or bank holding company, and 343 enforcement actions.

25

Failures

$371.95B in failed assets

804

Mergers

Federal Reserve NIC, banking organizations

343

Enforcement

OCC, FDIC, FRB, OTS and SEC 8-K filings

5

Assistance

FDIC open-bank assistance

Jump to: Bank failures 2008 · Bank mergers 2008

How many banks failed in 2008?

25 banks failed in 2008, with $371.95B in assets. Each failure below links to its own page.

Date	Bank	HQ	Assets	Acquirer or resolution
Dec 12, 2008	Haven Trust Bank	Duluth, GA	$559.6M	Branch Banking and Trust Company
Dec 12, 2008	Sanderson State Bank	Sanderson, TX	$38.2M	The Pecos County Bank
Dec 5, 2008	First Georgia Community Bank	Jackson, GA	$256.4M	United Bank
Nov 21, 2008	Downey Savings and Loan Association, F.A.	Newport Beach, CA	$12.78B	U.S. Bank, N.A.
Nov 21, 2008	PFF Bank & Trust	Pomona, CA	$3.72B	U.S. Bank, N.A.
Nov 21, 2008	The Community Bank	Loganville, GA	$634.9M	Bank of Essex
Nov 7, 2008	Franklin Bank, SSB	Houston, TX	$5.09B	Prosperity Bank
Nov 7, 2008	Security Pacific Bank	San Diego, CA	$528.0M	Pacific Western Bank
Oct 31, 2008	Freedom Bank	Bradenton, FL	$270.8M	Fifth Third Bank
Oct 24, 2008	Alpha Bank & Trust	Alpharetta, GA	$354.1M	Stearns Bank, N.A.
Oct 10, 2008	Main Street Bank	Northville, MI	$112.4M	Monroe Bank & Trust
Oct 10, 2008	Meridian Bank	Eldred, IL	$38.2M	National Bank
Sep 25, 2008	Washington Mutual Bank	Henderson, NV	$307.02B	JPMorgan Chase Bank, N.A.
Sep 19, 2008	Ameribank, Inc.	Northfork, WV	$104.0M	The Citizens Savings Bank
Sep 5, 2008	Silver State Bank	Henderson, NV	$1.96B	Nevada State Bank
Aug 29, 2008	Integrity Bank	Alpharetta, GA	$1.11B	Regions Bank
Aug 22, 2008	The Columbian Bank and Trust Company	Topeka, KS	$735.1M	Citizens Bank and Trust Company
Aug 1, 2008	First Priority Bank	Bradenton, FL	$258.6M	Suntrust Bank
Jul 25, 2008	First National Bank of Nevada	Reno, NV	$3.41B	Mutual of Omaha Bank
Jul 25, 2008	First Heritage Bank N.A.	Newport Beach, CA	$255.4M	Mutual of Omaha Bank
Jul 11, 2008	Indymac Bank F.S.B	Pasadena, CA	$30.70B	Onewest Bank, FSB
May 30, 2008	First Integrity Bank, N.A.	Staples, MN	$52.9M	First International Bank and Trust
May 9, 2008	ANB Financial N.A.	Bentonville, AR	$1.90B	Pulaski Bank and Trust Co
Mar 7, 2008	Hume Bank	Hume, MO	$18.7M	Security Bank
Jan 25, 2008	Douglass National Bank	Kansas City, MO	$52.8M	Liberty Bank and Trust Company

Which banks merged in 2008?

804 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2008.

See the fuller list: Bank mergers 2008 with largest deals and credit union mergers ›

Date	Acquired	St	Acquirer
Aug 30, 2008	United Bank, National Association	OH	The Park National Bank
Aug 30, 2008	The Richland Trust Company	OH	The Park National Bank
Aug 30, 2008	EverBank Reverse Mortgage LLC	NJ	Metlife Bank, N.A.
Aug 30, 2008	1st Independence Financial Group, Inc.	KY	Mainsource Financial Group, Inc.
Aug 28, 2008	TCB Delaware, Inc.	DE	Texas Country Bancshares, Inc.
Aug 23, 2008	The Bank of Commerce, Wetumka, Oklahoma	OK	Mabrey Bank
Aug 23, 2008	Eastern Mass Employees Federal Credit Union	MA	SJB Federal Credit Union
Aug 19, 2008	Associated Press Employees Federal Credit Union	NY	Entertainment Industries Federal Credit Union
Aug 19, 2008	Grandview Delaware Financial, Inc.	DE	Grandview Bancshares, Inc.
Aug 18, 2008	Fiserv Trust Company	CO	TD Bank USA, N.A.
Aug 16, 2008	Century National Bank	OH	The Park National Bank
Aug 16, 2008	J.P. Morgan Trust Company, N.A.	CA	JPMorgan Chase Bank, N.A.
Aug 16, 2008	Iron and Glass Bancorp, Inc.	PA	F.N.B. Corporation
Aug 16, 2008	Ellis State Bank	KS	Equity Bank
Aug 16, 2008	First National Bank of Montgomery	MN	Frandsen Bank & Trust
Aug 16, 2008	El Cap Credit Union	KS	Envista Federal Credit Union
Aug 16, 2008	Second National Bank	OH	The Park National Bank
Aug 16, 2008	First State Bank Iowa	IA	Luana Savings Bank
Aug 16, 2008	Iron and Glass Bank	PA	First National Bank of Pennsylvania
Aug 15, 2008	Citrus Financial Services, Inc.	FL	Cib Marine Bancshares, Inc.
Aug 15, 2008	Citrus Bank, National Association	FL	1st United Bank
Aug 10, 2008	First National Bank of Nassau County	FL	CBC National Bank
Aug 9, 2008	Bank of Holden	MO	Central Bank of Warrensburg
Aug 9, 2008	Holden Acquisition Corporation	MO	Warrensburg Bancshares, Inc.
Aug 9, 2008	Delaware Sterling Bank & Trust Company	DE	PNC Bank, Delaware
Aug 9, 2008	Sterling Financial Trust Company	PA	PNC Bank, N.A.
Aug 9, 2008	Golden Triangle Bancshares, Inc.	KY	Citizens Union Bancorp of Shelbyville, Inc.
Aug 9, 2008	BLC Bank N.A.	PA	PNC Bank, N.A.
Aug 9, 2008	The First State Bank	IA	MidWestOne Bank
Aug 9, 2008	Ridgedale State Bank	MN	Highland Bank
Aug 9, 2008	Citizens Bank	KY	First Farmers Bank and Trust Company
Aug 9, 2008	MidWestOne Bank	IA	MidWestOne Bank
Aug 5, 2008	Greers Ferry Lake State Bank	AR	First Arkansas Bank and Trust
Aug 4, 2008	Garden State Brith Sholom Federal Credit Union	NJ	First Harvest Federal Credit Union
Aug 2, 2008	Mills County Delaware Financial Corporation	DE	Goldthwaite Bancshares, Inc.
Aug 1, 2008	Colony Bank Quitman, FSB	GA	Colony Bank
Aug 1, 2008	Provantage Funding Corporation	NY	Wilber National Bank
Aug 1, 2008	Brownsboro Delaware Holdings, Inc.	DE	Brownsboro Bancshares, Inc.
Aug 1, 2008	Transcommunity Bank, National Association	VA	Essex Bank
Aug 1, 2008	Peoples Loan Services Inc.	DE	Peoples Bank
Aug 1, 2008	K&T Financial Corporation	DE	Eden Financial Corporation
Aug 1, 2008	Traders Bankshares, Inc.	WV	Premier Financial Bancorp, Inc.
Aug 1, 2008	North Attleboro Federal Credit Union	MA	Sharon & Crescent United Credit Union
Aug 1, 2008	Colony Bank Wilcox	GA	Colony Bank
Aug 1, 2008	Metropolitan Baptist Church Federal Credit Union	DC	Democracy Federal Credit Union
Aug 1, 2008	Danville Regional Medical Federal Credit Union	VA	Urw Community Federal Credit Union
Aug 1, 2008	Colony Bank Worth	GA	Colony Bank
Aug 1, 2008	Manpoe Federal Credit Union	CT	Nutmeg State Financial Credit Union
Aug 1, 2008	Phoenix Federal Credit Union	CT	Nutmeg State Financial Credit Union
Aug 1, 2008	Colony Bank of Dodge County	GA	Colony Bank

The list holds 500 of the 804 mergers recorded for 2008.

Enforcement Actions in 2008

Action date	Agency	Institution	Action
Dec 19, 2008 Released Dec 23, 2008	FRB	Ocean Bankshares, Inc.	Written Agreement: Ocean Bankshares, Inc., Miami, Florida
Dec 19, 2008	OCC	First National Bank of Crestview	Formal Agreement: First National Bank of Crestview
Dec 18, 2008	FRB	Tower Trust Company	Section 19 Letters: Judy S. Quackenbush
Dec 18, 2008	FRB	(individual)	Section 19 Letters: Shane A. Habben
Dec 18, 2008	FRB	Premium Bank	Section 19 Letters: Kimberly A. Mavis
Dec 18, 2008	OCC	Hometown Bancshares, Inc.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hometown Bank, National Association
Dec 18, 2008	OCC	Union Planters Corporation	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Thornhill, Cheryl
Dec 18, 2008	OCC	Mission Oaks Bancorp	Formal Agreement: Mission Oaks National Bank
Dec 18, 2008	OCC	First Liberty Bank	Prohibition/Removal Orders: Burleson, Melani
Dec 17, 2008 Released Dec 22, 2008	FRB	Cherokee Bancshares, Inc.	Written Agreement: Cherokee Bancshares, Inc., Saint Paul, Minnesota
Dec 16, 2008	OCC	The First National Bank in Tremont	Formal Agreement: The First National Bank in Tremont
Dec 16, 2008 Released Dec 22, 2008	FRB	Michigan Heritage Bank	Written Agreement: Michigan Heritage Bank, Farmington Hills, Michigan
Dec 16, 2008	OCC	Seacoast National Bank	Formal Agreement: Seacoast National Bank
Dec 15, 2008 Released Dec 22, 2008	FRB	Birthright, Incorporated	Written Agreement: Birthright Incorporated, Montgomery, Alabama
Dec 15, 2008	FRB	(individual)	Prohibition from Banking: Kelly M. Dulaney
Dec 15, 2008	FRB	(individual)	Cease and Desist Order: Kelly M. Dulaney
Dec 11, 2008	OCC_OTS	American Savings Bank, N.A.	Termination of Cease and Desist: American Savings Bank, F.S.B.
Dec 10, 2008 Released Dec 17, 2008	FRB	The Templar Fund, Inc.	Written Agreement: The Templar Fund, Inc., St. Louis, Missouri; Truman Bancorp, Inc., St. Louis, …
Dec 9, 2008 Released Dec 11, 2008	FRB	Community Investment Services, Inc.	Written Agreement: Community Investment Services, Inc., North Branch, Minnesota
Dec 8, 2008	OCC	Wells Fargo Bank, N.A.	Formal Agreement: Wachovia Bank, National Association
Dec 4, 2008	FRB	(individual)	Section 19 Letters: Benjamin Wainwright, Jr.
Dec 4, 2008	OCC_OTS	Inter Savings Bank, Federal Savings Bank	Termination of Cease and Desist: Inter Savings Bank, FSB
Dec 3, 2008	OCC_OTS	Home Federal Savings Bank	Civil Money Penalty: Bettye Arrington, Ph.D.
Dec 3, 2008 Released Dec 4, 2008	FRB	Suntrust Bank	Prohibition from Banking: Julianne, L. Gingrich
Dec 2, 2008	FRB	(individual)	Section 19 Letters: Sonya, E. Bradley
Dec 1, 2008	OCC	The First National Bank of Valentine	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Valentine
Dec 1, 2008	OCC_OTS	Guaranty Bank	Orders of Removal/Prohibition: Cheryl J. Carlini
Nov 25, 2008	OCC	The First National Bank of Platteville	Formal Agreement: First National Bank of Platteville
Nov 21, 2008	OCC_OTS	Franklin Bank Corp.	Termination of Cease and Desist: Franklin Bank Corp.
Nov 21, 2008 Released Nov 25, 2008	FRB	Team Financial Acquisition Subsidiary, Inc.	Written Agreement: Team Financial, Inc., Paola, Kansas, Post Bancorp, Inc., Colorado Springs, Colorado, Team …
Nov 20, 2008	OCC	Flagship National Bank	Formal Agreement: Flagship National Bank
Nov 20, 2008	OCC	First National Bank of Anthony	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Anthony
Nov 19, 2008	OCC_OTS	PFF Bancorp, Inc.	Cease and Desist: PFF Bancorp, Inc.
Nov 19, 2008	OCC_OTS	Amtrust Financial Corporation	Cease and Desist: Amtrust Financial Corporation
Nov 19, 2008	OCC_OTS	Amtrust Bank	Cease and Desist: Amtrust Bank
Nov 19, 2008	OCC	TomatoBank, National Association	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Tomatobank, National Association
Nov 19, 2008	OCC_OTS	PFF Bank & Trust	Cease and Desist: PFF Bank and Trust
Nov 19, 2008	OCC_OTS	Home Federal Savings Bank	Civil Money Penalty: Helen Coleman
Nov 19, 2008	OCC_OTS	(individual)	Civil Money Penalty: Emeral A. Crosby
Nov 18, 2008	OCC	First Security National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Security National Bank
Nov 17, 2008 Released Nov 18, 2008	FRB	Bank of Montreal	Prohibition from Banking: David Lee
Nov 17, 2008	OCC	Commerce Bank, National Association	C&D or PC&D Requiring Restitution: Hill, Vernon W.
Nov 17, 2008	OCC	Commerce Bank, National Association	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hill, Vernon W.
Nov 14, 2008	OCC	Cumberland Valley National Bank & Trust Company	Formal Agreement: Cumberland Valley National Bank & Trust Company
Nov 14, 2008	OCC_OTS	Home Federal Savings Bank	Civil Money Penalty: Amyre Makupson
Nov 12, 2008	OCC_OTS	Home Federal Savings Bank	Civil Money Penalty: William Walsh
Nov 12, 2008	OCC	First National Bank of Georgia	Formal Agreement: First National Bank of Georgia
Nov 12, 2008 Released Nov 19, 2008	FRB	FirstBank Financial Services, Inc.	Written Agreement: FirstBank Financial Services, Inc., McDonough, Georgia
Nov 12, 2008 Released Nov 19, 2008	FRB	(individual)	Written Agreement: Southern Community Bancshares, Inc., Fayetteville, Georgia
Nov 7, 2008	OCC_OTS	Franklin Bank Corp.	Cease and Desist: Franklin Bank Corp.

FDIC Open-Bank Assistance in 2008

Date	Institution	HQ	Assets
Nov 23, 2008	Citibank, N.A.	Las Vegas, NV	$1.21T
Nov 23, 2008	Citibank (South Dakota), N.A.	Sioux Falls, SD	$77.74B
Nov 23, 2008	Citicorp Trust Bank, FSB	Wilmington, DE	$19.60B
Nov 23, 2008	Citibank (Banamex USA)	Century City, CA	$1.32B
Nov 23, 2008	Department Stores National Bank	Sioux Falls, SD	$374.9M

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